Here's the deal- I recently bought a duplex property that needs some work. Long story short, I'm cash strapped and don't have the resources to have the work done so I've been stuck for the last few months just trying...
Hello BPFam. Hope all is well with everyone. This is my FIRST post on here :)I would like to ask you guys which platform do you guys for rent collection and just tracking basics for your rental properties? I have 12 i...
Context: My spouse is a real estate professional by materially participating in the management of multiple Single family Residential.She spends more than 750hr and keep a methodical record oh the activities. Plus thi...
Hi BP,I am partnering on a flip with an investor. He will provide the money and I will manage the rehab. He uses a line of credit with the bank and pays 5% on the borrowed funds. I am wondering how to protect myself i...
Hi BP - my partner and I have a LLC set up. Our attorney and CPA said that we will have to file for taxes as a partnership but I have been reading up that taxes are pass through? We are a 50-50 partnership with the op...
So I've been breaking my head for the past couple of weeks, and no accountant or attorney have been able to point me in the right direction for how my LLC should be structured. (Disclosure I'm a Newbie investor, for ...
Hello all,My business partner and started an LLC where we put in equal capital and did equal work to buy and hold rental properties. We use a management company and generally do the work between tenants but hire out ...
So I was in my old town this weekend enjoying the day and I ran into an old acquaintance. He asked what I was doing now and I told him I had retired and started buying homes to renovate and rent out.
He asked me if ...
To preface...long (long) time listener, first time caller.
I have been assisting in working a deal on a mixed use building with a single, stable tenant who is committed to a long term lease after close. I have 2 par...
I'm just beginning my real estate career. After hearing my plans, an acquaintance gave me money under the condition that we would split the profits. This money is now in my LLC's bank account. Does the IRS consider th...